Halcon Resources Announces Public Offering Of $300 Million Perpetual Convertible Preferred Stock

HOUSTON, TEXAS, June 12, 2013 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company") today announced that it has commenced, subject to market conditions, an underwritten public offering of $300 million of the Company's Series A Cumulative Perpetual Convertible Preferred Stock.  Halcón intends to grant the underwriters for the offering a 30-day option to purchase up to an additional $45 million in additional shares to cover over-allotments, if any.  

The Company intends to use the net proceeds from the offering to repay a portion of its outstanding borrowings under its senior secured revolving credit facility.

J.P. Morgan and Barclays are acting as joint book-running managers in connection with this offering.

The offering will be made only by means of a prospectus, forming a part of Halcón's effective shelf registration statement, related prospectus supplement and other related documents. You may obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov . Additionally, copies of the preliminary prospectus supplement may be obtained from:
  • J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, New York 11717, or by calling (866) 803-9204; or
  • Barclays Capital Inc. c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, New York 11717, or by email at barclaysprospectus@broadridge.com, or by calling (888) 603-5847.

Before you invest, you should read the prospectus supplement and accompanying base prospectus, along with other documents that the Company has filed with the Securities and Exchange Commission, for more complete information about Halcón and this offering.

This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

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